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Towards a global resilient recovery: Reflections on 2022

Fri, 04/28/2023
In 2022, despite the ongoing struggles of the COVID-19 pandemic, the GIIF Program successfully delivered significant results and continued building a strong pipeline to strengthen its ties with clients, other WBG projects and the donor community. All activities, projects, events, trainings, studies focus on further developing the markets. Since the launch of GIIF, more than 13 million agriculture insurance policies have been issued cumulatively, with an estimated outreach of 65 million beneficiaries globally. In these difficult conditions, as the GIIF team we would like to emphasize that we...
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31
Jan

Insurers paid out a record $ 132 Billion for economic losses from global natural disasters: time to act

AON(1) estimates that economic losses from global natural disasters in 2022 reached $ 313 billion. Of these, insurers covered $132 billion: ranking 2022 as the fifth costliest year for insurers on record. The range of extreme weather events included floods, droughts, earthquakes, typhoons and heatwaves. Floods were the deadliest and accounted for 88.4 per cent of total deaths globally(2). As a snapshot: in Pakistan floods affected 33 million people and caused 1,739 deaths while in Bangladesh and India floods affected 7.2 million and 1.3 million people, respectively. Though on a smaller scale...
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GIIF Newsletter - July 2022

Language: 
English
GIIF July Newsletter in 2022 features team news, events, blogs, highlights, and interviews.
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25
Jul

Insurance Development in Emerging Markets: The Role of Public Policy and Regulation

by
Emengini Doris Ibekwe, Sandra Carrollo
The first part of the webinar session was a launch of the joint Geneva Association and Insurance Development Forum (iDF) paper titled " Insurance development in Emerging Markets: The role of public policy and regulation " introduced by Dennis Noordhoek (Director of Public Policy & Regulation at the Geneva Association). On the objectives of the paper Mr. Dennis Noordhoek began by noting that over the past ten years, the economies of many emerging markets have grown significantly, and during those periods insurance market in these countries has also experienced growth. Despite this growth,...
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GIIF Newsletter - April 2022

Author: 
GIIF
Language: 
English
GIIF April Newsletter in 2022 features team news, events, blogs, highlights, and interviews.
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Developing Risk Management Approaches for Climate Risk

Developing Risk Management Approaches for Climate Risk

Date: 
March/2022
Author: 
GIZ
Language: 
English
Topics: 
Market Development
Enabling Policy Environment
Loss and damage from natural disasters have increased substantially over the last couple of decades. In 2020, for example, 980 natural disasters struck the world, causing significant economic loss, destroying major infrastructure, and claiming human lives.1 A single natural disaster can have enormous financial impacts. Some of these damages and losses can be reduced and transferred if appropriate policies and actions are applied. For this reason, Climate and Disaster Risk Management (DRM) has gained importance on international agendas and in many organisations. The main idea behind DRM is to...
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GIIF Newsletter: COP26 Special Edition

Author: 
Global Index Insurance Facility
Language: 
English
A COP26 Special Edition GIIF Newsletter released in December of 2021 featuring team highlights, events, blogs, interviews, and new annoucements.
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COP26 Curated Resources OnePager Thumbnail

COP26 Curated Resources: One-Pager

Author: 
Global Index Insurance Facility
Language: 
English
COP26 was a platform for a global watershed moment for collective introspection on much-needed action and investment to mitigate the effects of climate change: especially on the most vulnerable. Find here a detailed overview of events at the 26th session of the UN Conference of Parties. At GIIF, we have prepared a round-up of resources to give a flavor of the flagship sessions organized and initiatives launched to drive action and maintain momentum on climate action beyond COP26.
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22
Dec

The Landmark COP26 Calls for Increased Climate Finance for Adaptation

Under a scenario with 1.5°C of warming above preindustrial levels by 2030, almost half of the world’s population—approximately 5.0 billion people—could be exposed to a climate hazard related to heat stress, drought, flood, or water stress in the next decade. Today, this figure is 3.3 billion people. There is thus an urgent need to focus on boosting resilience in both cities and rural areas. During the just-ended COP26, the World bank Group turned the spotlight on its Climate Change Action Plan 2021-25 which prioritizes a green, resilient and inclusive development (GRID) approach for...
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GIIF Program Highlights 2021

Mon, 12/06/2021
Despite the effects of COVID-19, the Program successfully delivered significant results and it continues building a robust pipeline to strengthen this business line to further develop the markets. Since the launch of GIIF, more than 10.5 million agriculture insurance policies have been issued, with an estimated outreach of 53 million beneficiaries globally. We recognize and appreciate all the hard work that our clients do, and we are grateful for the continuous support of our Donors. Please see below summary highlights under each category. Program launch: The establishment of a new Program “...
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